________ variables are parameters to the model and generally are fixed over time, while ________ variables are the outcome of the model.
A) Shocks; parameters
B) Endogenous; exogenous
C) Endogenous; shocks
D) Exogenous; endogenous
E) Parameters; system

Question

Quizplus · Accepted Answer

Exogenous variables are parameters that are fixed over time and are not affected by the model, while endogenous variables are the outcome of the model and are affected by the model's parameters and other endogenous variables.

________ Variables Are Parameters to the Model and Generally Are